Cleats Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Cleats, also called spikes or studs, are external projections on the sole of a shoe that offer extra friction on the slippery or smooth surface. They are available in different shapes, such as cone-shaped or tapered at the end. They are made up of different materials such as plastic, metal, rubber, etc. Cleats provide additional support to the feet of a sportsperson and ensure optimum power delivery. Therefore, they help in boosting the performance of a player and enhance their efficiency. They also provide a solid grip to the players on slippery grounds, thus, offer stability while running, cycling, playing soccer, football, cricket, rugby, etc.
MARKET DYNAMICS
The rising interest of people in sports such as cricket, football, soccer, rugby, etc., is the crucial factor propelling the market growth. Moreover, youngsters and kids actively participate in the aforementioned sports due to the growing influence of famous sportspersons, thus, contributing to the product demand. Furthermore, increasing spending capacity of consumers and rapid development of organized retail across different regions are the significant factors anticipated to further propel the market growth over the forecast period.
MARKET SCOPE
The "Global Cleats Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the cleats market with detailed market segmentation by sports type and distribution channel. The global cleats market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cleats market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cleats market is segmented into sports type and distribution channel. By sports type, the cleats market is bifurcated into cricket, soccer, rugby, football, and others. By distribution channel, the cleats market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global cleats market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The cleats market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report also includes the profiles affecting the cleats market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the cleats market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global cleats market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The cleats market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report also includes the profiles affecting the cleats market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the cleats market in these regions.
MARKET PLAYERS
The report covers vital developments in the cleats market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the cleats market are anticipated to lucrative growth opportunities in the future with the rising demand for cleats in the global market. Below mentioned is the list of few companies engaged in the cleats market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cleats market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- NIKE, Inc.
- Adidas AG
- Under Armour, Inc.
- Puma SE
- Fila Holdings Corp.
- Iconix Brand Group, Inc.
- New Balance
- ASICS
- Reebok International Ltd.
- Geox S.p.A.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cleats Market - By Sport Type
1.3.2 Cleats Market - By Distribution Channel
1.3.3 Cleats Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CLEATS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CLEATS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CLEATS MARKET - GLOBAL MARKET ANALYSIS
6.1. CLEATS - GLOBAL MARKET OVERVIEW
6.2. CLEATS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CLEATS MARKET - REVENUE AND FORECASTS TO 2028 - SPORT TYPE
7.1. OVERVIEW
7.2. SPORT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CRICKET
7.3.1. Overview
7.3.2. cricket Market Forecast and Analysis
7.4. SOCCER
7.4.1. Overview
7.4.2. soccer Market Forecast and Analysis
7.5. RUGBY
7.5.1. Overview
7.5.2. rugby Market Forecast and Analysis
7.6. FOOTBALL
7.6.1. Overview
7.6.2. football Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. others Market Forecast and Analysis
8. CLEATS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. supermarkets and hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. specialty stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. online retail Market Forecast and Analysis
8.6. OTHERS.
8.6.1. Overview
8.6.2. others. Market Forecast and Analysis
9. CLEATS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cleats Market Overview
9.1.2 North America Cleats Market Forecasts and Analysis
9.1.3 North America Cleats Market Forecasts and Analysis - By Sport Type
9.1.4 North America Cleats Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Cleats Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Cleats Market
9.1.5.1.1 Canada Cleats Market by Sport Type
9.1.5.1.2 Canada Cleats Market by Distribution Channel
9.1.5.2 Mexico Cleats Market
9.1.5.2.1 Mexico Cleats Market by Sport Type
9.1.5.2.2 Mexico Cleats Market by Distribution Channel
9.1.5.3 US Cleats Market
9.1.5.3.1 US Cleats Market by Sport Type
9.1.5.3.2 US Cleats Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Cleats Market Overview
9.2.2 Europe Cleats Market Forecasts and Analysis
9.2.3 Europe Cleats Market Forecasts and Analysis - By Sport Type
9.2.4 Europe Cleats Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Cleats Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cleats Market
9.2.5.1.1 Germany Cleats Market by Sport Type
9.2.5.1.2 Germany Cleats Market by Distribution Channel
9.2.5.2 France Cleats Market
9.2.5.2.1 France Cleats Market by Sport Type
9.2.5.2.2 France Cleats Market by Distribution Channel
9.2.5.3 Italy Cleats Market
9.2.5.3.1 Italy Cleats Market by Sport Type
9.2.5.3.2 Italy Cleats Market by Distribution Channel
9.2.5.4 United Kingdom Cleats Market
9.2.5.4.1 United Kingdom Cleats Market by Sport Type
9.2.5.4.2 United Kingdom Cleats Market by Distribution Channel
9.2.5.5 Russia Cleats Market
9.2.5.5.1 Russia Cleats Market by Sport Type
9.2.5.5.2 Russia Cleats Market by Distribution Channel
9.2.5.6 Rest of Europe Cleats Market
9.2.5.6.1 Rest of Europe Cleats Market by Sport Type
9.2.5.6.2 Rest of Europe Cleats Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cleats Market Overview
9.3.2 Asia-Pacific Cleats Market Forecasts and Analysis
9.3.3 Asia-Pacific Cleats Market Forecasts and Analysis - By Sport Type
9.3.4 Asia-Pacific Cleats Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Cleats Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cleats Market
9.3.5.1.1 Australia Cleats Market by Sport Type
9.3.5.1.2 Australia Cleats Market by Distribution Channel
9.3.5.2 China Cleats Market
9.3.5.2.1 China Cleats Market by Sport Type
9.3.5.2.2 China Cleats Market by Distribution Channel
9.3.5.3 India Cleats Market
9.3.5.3.1 India Cleats Market by Sport Type
9.3.5.3.2 India Cleats Market by Distribution Channel
9.3.5.4 Japan Cleats Market
9.3.5.4.1 Japan Cleats Market by Sport Type
9.3.5.4.2 Japan Cleats Market by Distribution Channel
9.3.5.5 South Korea Cleats Market
9.3.5.5.1 South Korea Cleats Market by Sport Type
9.3.5.5.2 South Korea Cleats Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Cleats Market
9.3.5.6.1 Rest of Asia-Pacific Cleats Market by Sport Type
9.3.5.6.2 Rest of Asia-Pacific Cleats Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cleats Market Overview
9.4.2 Middle East and Africa Cleats Market Forecasts and Analysis
9.4.3 Middle East and Africa Cleats Market Forecasts and Analysis - By Sport Type
9.4.4 Middle East and Africa Cleats Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Cleats Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cleats Market
9.4.5.1.1 South Africa Cleats Market by Sport Type
9.4.5.1.2 South Africa Cleats Market by Distribution Channel
9.4.5.2 Saudi Arabia Cleats Market
9.4.5.2.1 Saudi Arabia Cleats Market by Sport Type
9.4.5.2.2 Saudi Arabia Cleats Market by Distribution Channel
9.4.5.3 U.A.E Cleats Market
9.4.5.3.1 U.A.E Cleats Market by Sport Type
9.4.5.3.2 U.A.E Cleats Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Cleats Market
9.4.5.4.1 Rest of Middle East and Africa Cleats Market by Sport Type
9.4.5.4.2 Rest of Middle East and Africa Cleats Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cleats Market Overview
9.5.2 South and Central America Cleats Market Forecasts and Analysis
9.5.3 South and Central America Cleats Market Forecasts and Analysis - By Sport Type
9.5.4 South and Central America Cleats Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Cleats Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cleats Market
9.5.5.1.1 Brazil Cleats Market by Sport Type
9.5.5.1.2 Brazil Cleats Market by Distribution Channel
9.5.5.2 Argentina Cleats Market
9.5.5.2.1 Argentina Cleats Market by Sport Type
9.5.5.2.2 Argentina Cleats Market by Distribution Channel
9.5.5.3 Rest of South and Central America Cleats Market
9.5.5.3.1 Rest of South and Central America Cleats Market by Sport Type
9.5.5.3.2 Rest of South and Central America Cleats Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CLEATS MARKET, KEY COMPANY PROFILES
11.1. NIKE INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ADIDAS AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. UNDER ARMOUR INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PUMA SE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FILA HOLDINGS CORP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ICONIX BRAND GROUP INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NEW BALANCE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ASICS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. REEBOK INTERNATIONAL LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. GEOX SPA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. NIKE Inc
2. Adidas AG
3. Under Armour Inc
4. Puma SE
5. Fila Holdings Corp
6. Iconix Brand Group Inc
7. New Balance
8. ASICS
9. Reebok International Ltd
10. Geox SpA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.